Kimbell Royalty Partners upsizes credit facility to $300M, switches to SOFR

Kimbell Royalty Partners, LP

Amended credit agreement increases aggregate elected commitments and borrowing base from $275M to $300M.
Transitioned benchmark rate from LIBOR to Term SOFR plus credit spread adjustment (10-25 bps depending on tenor).
Amendment effective June 7, 2022; all outstanding LIBOR loans deemed converted to 3-month SOFR loans.
Borrowing base redetermination set at $300M with no default or event of default continuing.

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